The US government has announced plans to smooth the path for the development of commercial-scale solar with US$15 million being set aside for community-lead projects.
According to new analysis from market research firm IHS sufficient PV module supply outside China and Taiwan exists to meet expected demand in the US in 2014, dampening panic buying before a US anti-dumping judgement due later this year.
LDK Solar has claimed through its Cayman Island liquidators that unaudited accounts indicate the company had revenue of US$273.1 million in the fourth quarter of 2013, up from US$156.6 million in the previous quarter.
United Photovoltaics Group is close to signing a deal with China Financial Leasing Company (Sinolease) to provide at least US$1.6 billion in PV project funding.
US solar energy provider FLS Energy has confirmed a 13.2MW module order with JA Solar.
Hanergy has signed a memorandum of understanding (MoU) with renewable energy asset management firm Greenbacker Renewable Energy Corporation for the funding of up to 126MW of PV projects in the US.
The price gap between monocrystalline silicon modules and multicrystalline is closing as rooftop markets continue to expand, according to market research firm, EnergyTrend.
A new US$100 million project finance fund for distributed solar in the US is to be set up by Hannon Armstrong Sustainable Infrastructure (HASI) and clean energy finance firm Sol Systems.
The International Electrochemical Commission (IEC) will begin a programme of standardisation for redox flow batteries – which can be used for large-scale energy storage applications – following discussions which were initiated in Japan in October 2013.
Tracking manufacturer SPG Solar has completed the install of a 50MW system for a project in Arizona.
LDK Solar Co. Ltd.'s (Xinyu, China) revenues doubled on a year-over-year basis to USD 273 million in the fourth quarter of 2013, according to unaudited financial information which the company provided to regulators at the New York Stock Exchange (NYSE, New York City).
The U.S. Department of Energy (DOE) has announced USD 15 million in funding to help communities develop multi-year plans to install more solar photovoltaic (PV) systems on homes and businesses through its SunShot Initiative. Regional, state, tribal and local entities will be eligible to apply for this funding. DOE says the Solar Market Pathways funding opportunity will help to establish innovative financing mechanisms and launch community-based initiatives, including shared solar programs.
Bloomberg New Energy Finance (BNEF, New York City) reports that global investments in clean energy have increased 10% year-over-year in the first quarter of 2014, driven by a sharp increase in investments in distributed solar photovoltaics (PV).
Investments in renewable energy projects smaller than 1 MW increased 42% to reach 21.2 billion, which BNEF says is mostly from distributed PV. Overall investment in PV was up 23% year-over-year to USD 27.5 billion.
IHS Technology (London) warns that higher U.S. costs for solar photovoltaics (PV) will result from the current trade cases against China, and that potential tariffs on Taiwanese PV cells could have “wide-ranging consequences”.
However, the company also expects sufficient “tariff-free” PV modules to be available in the United States to meet demand, even if there is an impact on pricing. IHS notes that of the 57.8 GW of global PV module capacity, 17.3 GW will not be affected by the rulings, nearly triple the expected U.S. market volume of 6.5 GW.
JinkoSolar Holding Co. Ltd. (Shanghai) has commissioned two solar photovoltaic (PV) plants totaling 39 MW in Eastern China's Jiangsu Province. The completion of the two plants brings the company to 252 MW of PV plants put online, the large majority of which was during 2013.
The 24 MW Xinyi and 15 MW Lianyungang PV plants have qualified under the nation's feed-in tariff, at rates of RMB 1.125 (USD 0.181) and RMB 1.1 (USD 0.177) per kWh, respectively.
TÜV Rheinland PTL (Tempe, Arizona, U.S.) has begun the process of creating two new certifications under the American National Standards Institute (ANSI) for solar photovoltaic (PV) modules and manufacturing, and is seeking industry participation in working groups for these standards.
The first of the new standards, Qualification Plus (Q+) involves a quality test for PV modules which the organization says goes beyond the current qualification testing under IEC 61215. The second standard describes Quality Management System (QMS) requirements specifically for PV module manufacturing, in an effort to minimize quality issues resulting from a wide variety of factors.
Shunfeng Photovoltaic International Ltd. (Changzhou, China) has completed the private issue of USD 460 million in 10-year convertible bonds. USD 280 million of these convertible bonds went to shareholder Cheng Kin Ming and his company Peace Link Services Ltd. (British Virgin Islands) to repay his down payment on Wuxi Suntech (Wuxi, China).
The European Photovoltaic Industry Association (EPIA, Brussels) has announced that it will release its annual report on the global market for solar photovoltaics (PV) on June 2nd, 2014 at the Intersolar Europe trade fair in Munich. “Global Market Outlook for Photovoltaics 2014-2018” will feature a comprehensive look of the development of European and global PV market, detailed five-year forecasts, an analysis of the role of PV in the European energy sector, and insights into industry trends.
Solargiga Energy Holdings Ltd. (Hong Kong) has released selected unaudited results for the first quarter of 2014, reporting a 131% year-over-year growth in revenue to USD 130 million. The company also reports a 75% year-over-year increase in solar photovoltaic (PV) product shipments to 261 MW.
China Financial Leasing Company Ltd. (Sinolease, Hong Kong) has entered into a strategic cooperation agreement with United Photovoltaics Group Ltd. (Hong Kong). This includes plans to provide at least USD 1.6 billion in lease financing to United PV for its solar photovoltaic (PV) project business over the next five years, subject to further definitive agreements.
United PV will use these funds to acquire, develop, construct, operate and maintain PV projects. Sinolease will also provide financial consultation for the company and develop financial products and services.